Corporate Updates – 07-12-2016


NIRC of ICSI has decided to start fortnightly "PCS HELPLINE" to provide guidance / counseling in respect of problems and difficulties being faced by our members. In this series, today NIRC is organizing "PCS HELPLINE – DE-LISTING OF SECURITIES AND DISSEMINATION BOARD on the 7th December, 2016, to resolve the queries over telephone regarding Technical /Procedural/ Interpretation issues relating to the topic “DE-LISTING OF SECURITIES AND DISSEMINATION BOARD” by CS Nitin Somani, will be available to answer the queries telephonically, on 7th December, 2016 from 4.00 PM to 5.30 PM at 011- 25722662.


Ministry of Corporate Affairs has issued Clarification regarding filing of offline Challans with IEPF Authority under Companies Act. MCA has made it mandatory to deposit the amount in IEPF through online challans only and all Challans for IEPF will be generated online only. Further Form IEPF-1 mentioning SRN No. of Challan generated online can only be accepted. All Companies transferring the amount to IEPF are requested to ensure that the process mentioned above is followed. The offline challans will not be accepted by MCA from 15th December, 2016.


The Insolvency and Bankruptcy Board of India has published the Syllabus, Format and Frequency of the Limited Insolvency Examination”. Under Regulation 5 of the Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016, Chartered Accountants, Company Secretaries, Cost Accountants, and Advocates having ten years of experience whether in employment or in practice, are required to pass Limited Insolvency Examination, for registration as an insolvency professional. Accordingly, members of the Institute having 10 years of experience as a Company Secretary whether in employment or in practice can register themselves as Insolvency Professionals after passing the Limited Insolvency Examination.

Master Classes on GST

Registration open for Master Classes on “GST – Goods& Service Tax” to be held from 13th December, 2016 to 17th December, 2016 daily from 5 PM onwards at Auditorium, ICSI-NIRC Building, 4, Prasad Nagar Institutional Area, New Delhi. Fee : Rs. 750/- for all participants including Corporate Members of NIRC; Online Payment / Registration Facility Available; Program Credit Hours: 02 per day.

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